Showa Shinku Balance Sheet Health
Financial Health criteria checks 6/6
Showa Shinku has a total shareholder equity of ¥11.0B and total debt of ¥550.0M, which brings its debt-to-equity ratio to 5%. Its total assets and total liabilities are ¥13.8B and ¥2.8B respectively. Showa Shinku's EBIT is ¥273.0M making its interest coverage ratio -27.3. It has cash and short-term investments of ¥5.1B.
Key information
5.0%
Debt to equity ratio
JP¥550.00m
Debt
| Interest coverage ratio | -27.3x |
| Cash | JP¥5.09b |
| Equity | JP¥10.97b |
| Total liabilities | JP¥2.85b |
| Total assets | JP¥13.81b |
Recent financial health updates
Is Showa Shinku (TYO:6384) A Risky Investment?
Mar 23
Does Showa Shinku (TYO:6384) Have A Healthy Balance Sheet?
Dec 14
Recent updates
Calculating The Fair Value Of Showa Shinku Co., Ltd. (TSE:6384)
Aug 06Some May Be Optimistic About Showa Shinku's (TSE:6384) Earnings
May 21Showa Shinku (TYO:6384) Has Some Way To Go To Become A Multi-Bagger
Apr 09Is Showa Shinku (TYO:6384) A Risky Investment?
Mar 23Would Showa Shinku Co., Ltd. (TYO:6384) Be Valuable To Income Investors?
Mar 09Showa Shinku (TYO:6384) Has Gifted Shareholders With A Fantastic 144% Total Return On Their Investment
Feb 17Do Institutions Own Showa Shinku Co., Ltd. (TYO:6384) Shares?
Feb 02Do Its Financials Have Any Role To Play In Driving Showa Shinku Co., Ltd.'s (TYO:6384) Stock Up Recently?
Jan 18The Returns At Showa Shinku (TYO:6384) Provide Us With Signs Of What's To Come
Jan 01Does Showa Shinku (TYO:6384) Have A Healthy Balance Sheet?
Dec 14Three Things You Should Check Before Buying Showa Shinku Co., Ltd. (TYO:6384) For Its Dividend
Nov 26Financial Position Analysis
Short Term Liabilities: 6384's short term assets (¥10.1B) exceed its short term liabilities (¥1.8B).
Long Term Liabilities: 6384's short term assets (¥10.1B) exceed its long term liabilities (¥1.1B).
Debt to Equity History and Analysis
Debt Level: 6384 has more cash than its total debt.
Reducing Debt: 6384's debt to equity ratio has reduced from 6.4% to 5% over the past 5 years.
Debt Coverage: 6384's debt is well covered by operating cash flow (196.4%).
Interest Coverage: 6384 earns more interest than it pays, so coverage of interest payments is not a concern.